EVgo, Inc. (NASDAQ:EVGO) Stock Holdings Boosted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its position in shares of EVgo, Inc. (NASDAQ:EVGO - Free Report) by 175.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,949,622 shares of the company's stock after purchasing an additional 3,153,073 shares during the period. D. E. Shaw & Co. Inc. owned about 1.63% of EVgo worth $20,046,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Corigliano Investment Advisers LLC acquired a new position in shares of EVgo during the fourth quarter worth $101,000. Cetera Investment Advisers lifted its position in shares of EVgo by 49.3% during the fourth quarter. Cetera Investment Advisers now owns 20,888 shares of the company's stock worth $85,000 after purchasing an additional 6,900 shares in the last quarter. Centiva Capital LP lifted its position in shares of EVgo by 890.0% during the fourth quarter. Centiva Capital LP now owns 467,478 shares of the company's stock worth $1,893,000 after purchasing an additional 420,259 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of EVgo during the fourth quarter worth $7,259,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of EVgo during the fourth quarter worth $4,050,000. 17.44% of the stock is owned by institutional investors and hedge funds.

EVgo Stock Down 3.0%

EVGO stock traded down $0.12 during trading on Friday, hitting $3.85. 4,969,387 shares of the company's stock traded hands, compared to its average volume of 4,435,221. EVgo, Inc. has a 52 week low of $1.92 and a 52 week high of $9.07. The stock has a fifty day moving average price of $2.85 and a two-hundred day moving average price of $3.89. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -9.17 and a beta of 2.27.

EVgo (NASDAQ:EVGO - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $75.29 million for the quarter, compared to the consensus estimate of $70.11 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. The firm's revenue for the quarter was up 36.4% on a year-over-year basis. As a group, equities research analysts expect that EVgo, Inc. will post -0.45 EPS for the current fiscal year.

Analysts Set New Price Targets

EVGO has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued an "overweight" rating on shares of EVgo in a research report on Thursday, May 8th. Evercore ISI cut their price target on shares of EVgo from $7.00 to $4.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $8.00 price target on shares of EVgo in a report on Wednesday, March 5th. Roth Capital reaffirmed a "buy" rating on shares of EVgo in a report on Wednesday, May 7th. Finally, UBS Group cut their price target on shares of EVgo from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $6.25.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.